Entrepreneur Works With Chilton, Wisconsin Bank to Get an SBA Loan

Get to know Chilton, Wisconsin banks that specialize in SBA loans and know how to work with entrepreneurs. State Bank Of Chilton is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Milwaukee, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from State Bank Of Chilton. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
MILWAUKEE, WI 53206

SBA Loan Lender

STATE BANK OF CHILTON
26 E MAIN ST
CHILTON, WI 53014

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

445120 - Convenience Stores

Loan Approval Date

4/18/2005

Loan Approval Gross Amount

$698,210

Loan Approval from the SBA

Of the total $698,210 loan amount, the SBA guaranteed $523,658.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank Of Chilton had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank Of Chilton made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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